Shares of energy technology company Nextpower surged 14.6% in pre-market trading on Wednesday, following the company's announcement of better-than-expected quarterly results and a significant upward revision to its full-year revenue guidance for fiscal year 2027.
Strong Quarterly Performance and Revised Revenue Guidance According to FactSet data, for the fourth quarter of fiscal year 2026, ended March 31, Nextpower reported adjusted earnings per share of $1.05, surpassing analyst expectations of $0.92. Revenue reached $881 million, also exceeding the anticipated $826 million.
The company simultaneously raised its full-year revenue guidance for fiscal year 2027 from a previous range of $3.6 billion to $3.8 billion to a new range of $3.8 billion to $4.1 billion. The Chief Financial Officer stated that a continuously growing order backlog and robust contract momentum provided strong support for the guidance revision.
Steady Progress in Platform Transformation Strategy The founder and Chief Executive Officer noted that fiscal year 2026 marked a pivotal turning point in Nextpower's development. The company is accelerating its transformation from a leader in the solar tracker industry into a comprehensive, utility-scale energy technology platform. Market penetration for new business segments, including electrical balance-of-system solutions, foundations, and robotic solutions, continues to increase.
By the end of the last fiscal year, Nextpower's order backlog had climbed to a record high of over $5.25 billion, with cumulative global shipments of solar trackers surpassing 160 gigawatts. Bolstered by these developments, the stock's pre-market gains extended further to 14%.
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